Readers ask: What Is The Corn Market Going To Do?

Readers ask: What Is The Corn Market Going To Do?

Why are corn prices going up?

Corn prices rise on tightening supplies D., AgriLife Extension grain economist, Bryan-College Station, said the market is highly speculative at this point due to a range of factors that boil down to tight supplies and high demand currently and uncertainty about domestic and foreign production this growing season.

How much is a bushel of corn right now?

The current price of corn as of June 18, 2021 is $6.5525 per bushel.

What’s the corn market doing today?

Market Commodity Prices

Commodity Last Volume
Corn 655-2s 164,283
Corn Jul21 655-2s 164,283
Dec21 566-2s 173,159
Soybean 1396.000s 88,319

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Will corn prices continue to rise?

Corn prices have been soaring over the past year, rising more than 50% in 2021 alone and coming close to $7.50 a bushel, levels not seen in nearly a decade.

Will corn prices go up in 2021?

Market Year Average Prices. Since 2019, corn prices rose to a projected MYA average of $4.35 per bushel for the 2020 marketing year that goes through August 2021, and are projected to increase further for the 2021 marketing year.

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How much is a bushel of corn 2020?

The 2020 corn crop will sell for an average $4.85 a bushel and soybeans for $11.15 a bushel, compared with the average for $3.56 for corn and $8.57 for soybeans grown in 2019, said the USDA.

How much weight is a bushel of corn?

Section 600.TABLE B Standard Weight Per Bushel for Agricultural Commodities

Alfalfa Seed Per Bushel 60 Pounds
Corn, Shelled Per Bushel 56 Pounds
Cotton Seed Per Bushel 32 Pounds
Cranberries Per Bushel 33 Pounds
Cucumbers Per Bushel 48 Pounds

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What is the highest price corn has ever been?

Historically, Corn reached an all time high of 843.75 in August of 2012. 2

How Much Does corn cost per ton?

Corn at $3.50 bu. x 7.65 = $26.78 per ton in the field.

How many bushels of corn does an acre yield?

Corn yield in the United States is estimated at 172.0 bushels per acre, 4.5 bushels above the 2019 yield of 167.5 bushels per acre.

What is a corn future?

Corn futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of corn (i.e. 50 tonnes) at a predetermined price on a future delivery date.

How much does it cost to plant corn?

The estimated costs of production for continuous corn are $3.81, $3.78 and $3.76 per bushel for expected yields of 164, 182 and 200 bushels per acre, respectively. Estimated costs of production per bushel for corn following soybeans are $3.22, $3.23 and $3.23, assuming 179, 199 and 219 bushels per acre, respectively.


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